Conglomerate model falls out of favor

The text notes that in the mid-1990s, the concept of conglomerates was falling out of favor, leading Tomkins to streamline operations and divest non-core units to focus on core industries.

“Since the mid-1990s, conglomerate-type businesses as whole had continued to fall out of favor throughout the United Kingdom, and Tomkins finally gave in to industry and shareholder pressure and began to change its operating structure.”

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